Walmart CEO pledges $25 million in honor of Hurricane Katrina

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Walmart Home Office

Walmart CEO pledges $25 million in honor of Hurricane Katrina

Walmart Home Office

NEW ORLEANS — Walmart marked the anniversary of Hurricane Katrina with a special pledge.

CEO and President Doug McMillon made a five-year commitment of $25 million to aid global disaster relief.

The pledge was announced Friday in honor of the 10th anniversary of the hurricane, which ravaged New Orleans. In a video uploaded to his Instagram account, McMillon noted that the money was a joint commitment from Walmart and the Walmart Foundation.

The Walmart Foundation will make “an initial investment of $500,000 in grants to select local nonprofits in the U.S. Gulf Coast region,” according to a statement.

The gift was also presented at the “Before. During. After.” forum, which took place Friday in New Orleans. Together with Walmart, local leaders gathered to discuss the response to Hurricane Katrina and brainstorm future responses to global disasters.